Correlation Between Wintrust Financial and IF Bancorp
Can any of the company-specific risk be diversified away by investing in both Wintrust Financial and IF Bancorp at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Wintrust Financial and IF Bancorp into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Wintrust Financial and IF Bancorp, you can compare the effects of market volatilities on Wintrust Financial and IF Bancorp and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Wintrust Financial with a short position of IF Bancorp. Check out your portfolio center. Please also check ongoing floating volatility patterns of Wintrust Financial and IF Bancorp.
Diversification Opportunities for Wintrust Financial and IF Bancorp
-0.25 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Wintrust and IROQ is -0.25. Overlapping area represents the amount of risk that can be diversified away by holding Wintrust Financial and IF Bancorp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on IF Bancorp and Wintrust Financial is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Wintrust Financial are associated (or correlated) with IF Bancorp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of IF Bancorp has no effect on the direction of Wintrust Financial i.e., Wintrust Financial and IF Bancorp go up and down completely randomly.
Pair Corralation between Wintrust Financial and IF Bancorp
Given the investment horizon of 90 days Wintrust Financial is expected to generate 1.34 times less return on investment than IF Bancorp. In addition to that, Wintrust Financial is 1.94 times more volatile than IF Bancorp. It trades about 0.03 of its total potential returns per unit of risk. IF Bancorp is currently generating about 0.09 per unit of volatility. If you would invest 2,491 in IF Bancorp on August 13, 2025 and sell it today you would earn a total of 91.00 from holding IF Bancorp or generate 3.65% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 76.19% |
| Values | Daily Returns |
Wintrust Financial vs. IF Bancorp
Performance |
| Timeline |
| Wintrust Financial |
| IF Bancorp |
Wintrust Financial and IF Bancorp Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Wintrust Financial and IF Bancorp
The main advantage of trading using opposite Wintrust Financial and IF Bancorp positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Wintrust Financial position performs unexpectedly, IF Bancorp can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in IF Bancorp will offset losses from the drop in IF Bancorp's long position.| Wintrust Financial vs. Old National Bancorp | Wintrust Financial vs. UMB Financial | Wintrust Financial vs. Western Alliance Bancorporation | Wintrust Financial vs. Popular |
| IF Bancorp vs. Bank of the | IF Bancorp vs. First Bancshares | IF Bancorp vs. First Northwest Bancorp | IF Bancorp vs. Fifth District Bancorp, |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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